Dividend income – How to build real wealth through an income stream that grows at a rate faster than the inflation rate.
Dividend income is one of the best passive income sources, because it offers income growth rate that surpasses inflation rate. Dividend income can be a great way of protecting your purchasing power. Click To TweetWith inflation, the prices of items we buy everyday increase from time to time, and if your income remains the same or grows at a rate less than the inflation rate, your purchasing power eventually gets eroded.
But, with an income stream that grows at a rate that surpasses the inflation rate, your purchasing power can be protected.
To build a solid dividend income:
1. Invest in the right company that
– Deals on essential goods and services
– Pays dividends with growth rate at about 7% to 15%
2. Reinvest your dividends
3. Continue to add to your investments each month.
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Here is the link to the lesson on interest income and the effect of compounding: Watch here
What are your thoughts on this? Are you already investing for dividends? Are you planning to? Have questions? I’d like to hear your thoughts! Share in the comment section below.
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